Saul Centers Inc (BFS) Expected to Announce Earnings of $0.82 Per Share
Analysts expect Saul Centers Inc (NYSE:BFS) to announce earnings per share (EPS) of $0.82 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Saul Centers’ earnings, with estimates ranging from $0.80 to $0.84. Saul Centers posted earnings per share of $0.79 during the same quarter last year, which would indicate a positive year over year growth rate of 3.8%. The firm is expected to report its next quarterly earnings report on Friday, August 2nd.
On average, analysts expect that Saul Centers will report full year earnings of $3.30 per share for the current fiscal year, with EPS estimates ranging from $3.27 to $3.35. For the next fiscal year, analysts forecast that the firm will report earnings of $3.36 per share, with EPS estimates ranging from $3.25 to $3.42. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that cover Saul Centers.
Saul Centers (NYSE:BFS) last announced its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.35). Saul Centers had a net margin of 22.23% and a return on equity of 21.45%. The business had revenue of $59.75 million during the quarter, compared to analyst estimates of $58.21 million.
Shares of BFS stock opened at $56.24 on Friday. Saul Centers has a 52-week low of $45.49 and a 52-week high of $60.65. The firm has a market capitalization of $1.27 billion, a PE ratio of 17.09, a price-to-earnings-growth ratio of 3.38 and a beta of 1.00. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 4.09.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th were paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date of this dividend was Monday, April 15th. Saul Centers’s dividend payout ratio is 68.17%.
In related news, Director Mark Sullivan III sold 2,500 shares of the stock in a transaction dated Wednesday, April 10th. The shares were sold at an average price of $53.00, for a total transaction of $132,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 48.50% of the company’s stock.
Several institutional investors have recently made changes to their positions in BFS. Dimensional Fund Advisors LP increased its position in shares of Saul Centers by 1.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 198,906 shares of the real estate investment trust’s stock worth $11,137,000 after purchasing an additional 1,985 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Saul Centers by 85.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 302,729 shares of the real estate investment trust’s stock worth $16,953,000 after purchasing an additional 139,285 shares in the last quarter. MetLife Investment Advisors LLC increased its position in shares of Saul Centers by 55.7% during the 3rd quarter. MetLife Investment Advisors LLC now owns 8,416 shares of the real estate investment trust’s stock worth $471,000 after purchasing an additional 3,011 shares in the last quarter. Macquarie Group Ltd. increased its position in shares of Saul Centers by 36.8% during the 3rd quarter. Macquarie Group Ltd. now owns 5,200 shares of the real estate investment trust’s stock worth $291,000 after purchasing an additional 1,400 shares in the last quarter. Finally, Teachers Advisors LLC increased its position in shares of Saul Centers by 0.7% during the 3rd quarter. Teachers Advisors LLC now owns 166,390 shares of the real estate investment trust’s stock worth $9,318,000 after purchasing an additional 1,162 shares in the last quarter. Institutional investors and hedge funds own 46.71% of the company’s stock.
About Saul Centers
Saul Centers, Inc is a self-managed, self-administered equity REIT headquartered in Bethesda, Maryland, which currently operates and manages a real estate portfolio of 60 properties which includes (a) 56 community and neighborhood shopping centers and seven mixed-use properties with approximately 9.3 million square feet of leasable area and (b) four land and development properties.
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